23 Ruth Street, Corinda QLD 4075
23 Ruth Street, Corinda QLD 4075
2-bed house | 810 m² land | Corinda schools | sold 2020 | no parking shown
An 810 m² parcel is occupied by the property, which is a notably larger-than-usual land holding for a house with a modest two-bedroom footprint. That combination is considered rare, offering potential for extension, redevelopment, or simply generous outdoor space. The property is placed within the catchments for Corinda State School and Corinda State High School, both within a short distance, which is a meaningful draw for family buyers. The suburb itself is established and tree-lined, and good connectivity to the CBD is provided by train and bus, so the property is positioned to appeal to those seeking a long-term home with strong lifestyle and schooling advantages.
A narrower buyer pool may be caused by the two-bedroom, one-bathroom layout, though the land area is likely to attract those planning to extend or rebuild. A limitation might be perceived from the absence of confirmed parking. A reference point is provided by the 2020 sale at $640,000, but value is influenced by current condition and improvements, and future value may be supported by school catchments.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Ruth Street, Corinda QLD 4075
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Corinda is a compact 3 sq km suburb with 20.4% parkland and solid rail/road links. Demand is led by professionals aged 40-49, mostly couples with children; 68.5% of homes are owner-occupied, and average household size is 2.6. House medians sit between $1.335M and $1.375M with 2.46% annual growth, while units have surged 29.72% to $805K, including 77.16% growth over five years. Houses sell in 22 days, units in 12, with 72 house and 27 unit sales in the past year. Supply is tight: just 13 rentals and 8 listings. Future demand is supported by a 9.7% population rise since 2016 and strong school catchments. Key risks include affordability pressure from monthly mortgages of $1800-$2399 and the sharp divergence between house and unit growth, signalling supply constraints.
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PropCred Estimated Value
Comparable Sales: 23 Ruth Street sold for $640,000 in 2020 | Property Price Band: $1M–$1.1M | Value Drivers: land size, school catchment, renovation potential
Bedrooms
2
Bathroom
1
Parking
-
Land
811m²
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